Project Overview
City Realty Group acquired the Chestnut Hill Office Park, a 5.34-acre site on Route 9 in Brookline, for $41 million in May 2024. The existing four-building complex, totaling approximately 120,000 square feet, is largely vacant and dates back to the 1960s.
The redevelopment plan proposes a mixed-use complex comprising:
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A 20-story tower featuring a hotel on the first six floors and condominiums on the upper 14 floors. The hotel is expected to offer 200 to 250 guest rooms.
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A 12-story apartment building with retail spaces on the ground floor.
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A 13-story building housing medical offices and senior housing.
The design emphasizes pedestrian-friendly spaces, with plans for underground parking to maximize open areas. A central “town square” is envisioned to host events and enhance community interaction.
Location: 1280-1330 Boylston Street, Brookline, MA
Developer: City Realty Group
Architect: Finegold Alexander Architects
Acquisition Date: May 2024
Acquisition Cost: $41 million
Site Area: 5.34 acres
Existing Structures: Four office buildings totaling approximately 120,000 sq ft
Proposed Development: Mixed-use complex featuring residential, commercial, medical, hospitality, and retail spaces
Financing: Acquisition financed by Northern Bank
Broker: Atlantic Capital Partners
Legal Representation: RLAW, P.C. (Robert L. Allen Jr. & Jennifer Dopazo Gilbert)
Rezoning Vote Target: Spring 2025 Town Meeting
Estimated Annual Tax Revenue Post-Development: $9 million
Community Engagement: Ongoing collaboration with Brookline’s Chestnut Hill Commercial Area Study Advisory Group
Timeline & Milestones
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May 2024: City Realty Group acquires the property.
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Fall 2024: Brookline’s Economic Development Division initiates the Chestnut Hill Commercial Area Study.
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Spring 2025: Targeted Town Meeting vote for rezoning approval.Banker & Tradesman
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2028: Projected completion of the redevelopment.
Development Team
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Developer: City Realty Group
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Architect: Finegold Alexander Architects
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Legal Counsel: RLAW, P.C. (Robert L. Allen Jr. & Jennifer Dopazo Gilbert)
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Broker: Atlantic Capital Partners
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Financing: Northern Bank
Community & Economic Impact
This redevelopment aligns with Brookline’s efforts to revitalize the Route 9 corridor and increase commercial tax revenues. The project is expected to generate approximately $9 million annually in new local property taxes, a significant increase from the current $1 million.
City Realty Group is actively engaging with the community through the Chestnut Hill Commercial Area Study Advisory Group to ensure the development meets local needs and enhances the area’s livability.
